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Author Topic: $8 fee to send transaction in the next block?  (Read 1233 times)
freedomno1
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May 21, 2017, 09:59:14 PM
 #21

I am forced to use altcoins to move between exchanges. It does suck having to do that. It makes things a lot more complicated for normal average people who don't want that hassle. Right now BTC is a hassle and costs $$$ in fees.

That is a legitimate reason to move coins through altcoins escape the transaction fee but it does make me consider if we are at the point where there is an exchange arbitrage between sending via different coins.
Well maybe not but kind of like in the olden days where different exchanges had different prices partially because of how much it cost to deposit on the exchange only applied to altcoin sends vs bitcoin ones.

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8xbt.com
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May 21, 2017, 10:10:30 PM
 #22

The whole system is unusable now when compare with three years ago, unless segwit happens. You can expect to wait for 1 hour even for one confirmation if you are a bit unlucky.
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May 21, 2017, 11:16:43 PM
 #23

I am forced to use altcoins to move between exchanges. It does suck having to do that. It makes things a lot more complicated for normal average people who don't want that hassle. Right now BTC is a hassle and costs $$$ in fees.

That is a legitimate reason to move coins through altcoins escape the transaction fee but it does make me consider if we are at the point where there is an exchange arbitrage between sending via different coins.
Well maybe not but kind of like in the olden days where different exchanges had different prices partially because of how much it cost to deposit on the exchange only applied to altcoin sends vs bitcoin ones.
Moving money through altcoins kinda risky, the value may decrease alongside with the fluctuation and not a good thing, I would honestly consider paying a higher fee rather than losing more in the middle of the way.

Wow you must have a ton of inputs. I feel sorry for you, rolling your pennies until you can finally get your $100 bill, then you find out you're going to have to ship the pennies across the world. DAMN!
LOL, maybe he just got his pennies gathered into one place but unfortunately, it's also mean the significant increase of transaction size. No offense guys  Grin .

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david123
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May 21, 2017, 11:26:03 PM
 #24

I agree, something has to be done SOON. Users (especially new users) will
not tolerate this forever. I'm with bitcoin for some time and willing to sacrifice
much, but even for me it sucks..
phr0stbyt3
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May 21, 2017, 11:33:55 PM
 #25

Big thing. All of us were aware that one we will experience something like this in the future. It is your fault if you didn't prepare yourself for this.
The only solution is either stop spending bitcoins to buy digital goods or services or either convert it to some other alt and ask the seller weather he can accept it or not.
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May 21, 2017, 11:36:05 PM
 #26

I am forced to use altcoins to move between exchanges. It does suck having to do that. It makes things a lot more complicated for normal average people who don't want that hassle. Right now BTC is a hassle and costs $$$ in fees.

That is a legitimate reason to move coins through altcoins escape the transaction fee but it does make me consider if we are at the point where there is an exchange arbitrage between sending via different coins.
Well maybe not but kind of like in the olden days where different exchanges had different prices partially because of how much it cost to deposit on the exchange only applied to altcoin sends vs bitcoin ones.
Moving money through altcoins kinda risky, the value may decrease alongside with the fluctuation and not a good thing, I would honestly consider paying a higher fee rather than losing more in the middle of the way.


Before doge suddenly started attracting the attention of pumpers, it remained remarkably steady in dollar terms, which meant it was practically risk free to use it to move. Sadly that ended a few weeks ago as it joined the Great Altcoin Bubble.

At the moment litecoin is not fluctuating much, so use that to transfer money.

 
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iamTom123
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May 22, 2017, 04:19:54 AM
 #27

This is indeed getting crazy but it seems to me that no one is listening that can help us small players. Why? Because this big problem is serving well the miners and the exchangers so they can get more profits. it has become like a big incentive to them not to solve this problem. Well, maybe until Bitcoin can be dead then they might act on it. It is really time we get fed up with the way it is. It is maybe time for a revolt.
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